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Loan Portfolio and Credit Quality (Tables)
 3 Months Ended
Mar. 31, 2021
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of accounts, notes, loans and financing receivable
The following table presents a summary of the loan portfolio based on the portfolio segment as of the dates indicated:
 March 31, 2021December 31, 2020
 (In thousands)
Commercial and industrial$668,217 $558,343 
Paycheck Protection Program351,170 312,356 
Commercial tax-exempt488,507 442,159 
Commercial real estate2,697,677 2,757,375 
Construction and land181,482 159,204 
Residential2,632,554 2,677,464 
Home equity71,752 77,364 
Consumer and other124,966 120,044 
Total$7,216,325 $7,104,309 
Schedule of financing receivables, non accrual status
The following table presents nonaccrual loans receivable by class of receivable as of the dates indicated:
March 31, 2021December 31, 2020
(In thousands)
Commercial and industrial$4,766 $4,394 
Commercial real estate5,859 5,261 
Residential14,475 13,780 
Home equity651 415 
Consumer and other13 1 
Total$25,764 $23,851 
Past due financing receivables
The following tables show the payment status of loans receivable by class of receivable as of the dates indicated:
March 31, 2021
Accruing Past DueNonaccrual Loans
30-59 Days Past Due 60-89 Days Past DueTotal Accruing Past DueCurrent30-89 Days Past Due90 Days or
Greater
Past Due		Total Non-Accrual LoansCurrent Accruing LoansTotal
Loans
Receivable
(In thousands)
Commercial and industrial$2,914 $— $2,914 $1,832 $1,914 $1,020 $4,766 $660,537 $668,217 
Paycheck Protection Program— — — — — — — 351,170 351,170 
Commercial tax-exempt— — — — — — — 488,507 488,507 
Commercial real estate— — — 601 — 5,258 5,859 2,691,818 2,697,677 
Construction and land— — — — — — — 181,482 181,482 
Residential4,044 — 4,044 8,838 1,655 3,982 14,475 2,614,035 2,632,554 
Home equity104 — 104 611 — 40 651 70,997 71,752 
Consumer and other173 14 187 13 — — 13 124,766 124,966 
Total$7,235 $14 $7,249 $11,895 $3,569 $10,300 $25,764 $7,183,312 $7,216,325 
December 31, 2020
Accruing Past DueNonaccrual Loans
30-59 Days Past Due60-89 Days Past DueTotal Accruing Past DueCurrent30-89 Days Past Due90 Days or Greater Past DueTotal Non-Accrual LoansCurrent Accruing LoansTotal Loans Receivable
(In thousands)
Commercial and industrial$1,837 $522 $2,359 $3,934 $87 $373 $4,394 $551,590 $558,343 
Paycheck Protection Program— — — — — — — 312,356 312,356 
Commercial tax-exempt— — — — — — — 442,159 442,159 
Commercial real estate136 491 627 — — 5,261 5,261 2,751,487 2,757,375 
Construction and land— — — — — — — 159,204 159,204 
Residential10,960 4,538 15,498 8,183 1,521 4,076 13,780 2,648,186 2,677,464 
Home equity1,107 256 1,363 228 — 187 415 75,586 77,364 
Consumer and other15 — 15 — 1 — 1 120,028 120,044 
Total$14,055 $5,807 $19,862 $12,345 $1,609 $9,897 $23,851 $7,060,596 $7,104,309 
Financing receivable credit quality indicators
The following tables present the loan portfolio’s credit risk profile by internally assigned grade and class of receivable as of the dates indicated:
March 31, 2021
By Loan Grade or Nonaccrual Status
PassSpecial
Mention 		Accruing
Classified (1)		Nonaccrual
Loans		Total
(In thousands)
Commercial and industrial$623,253 $12,795 $27,403 $4,766 $668,217 
Paycheck Protection Program351,170 — — — 351,170 
Commercial tax-exempt485,720 2,787 — — 488,507 
Commercial real estate2,452,482 133,609 105,727 5,859 2,697,677 
Construction and land178,501 2,981 — — 181,482 
Residential2,615,079 — 3,000 14,475 2,632,554 
Home equity71,101 — — 651 71,752 
Consumer and other124,653 300 — 13 124,966 
Total$6,901,959 $152,472 $136,130 $25,764 $7,216,325 
December 31, 2020
By Loan Grade or Nonaccrual Status
PassSpecial
Mention 		Accruing
Classified (1)		Nonaccrual
Loans		Total
(In thousands)
Commercial and industrial$519,680 $11,314 $22,955 $4,394 $558,343 
Paycheck Protection Program312,356 — — — 312,356 
Commercial tax-exempt434,850 2,806 4,503 — 442,159 
Commercial real estate2,505,424 170,521 76,169 5,261 2,757,375 
Construction and land156,908 2,296 — — 159,204 
Residential2,660,684 — 3,000 13,780 2,677,464 
Home equity76,693 — 256 415 77,364 
Consumer and other119,743 300 — 1 120,044 
Total$6,786,338 $187,237 $106,883 $23,851 $7,104,309 
______________________
(1) Accruing Classified may include both Substandard and Doubtful classifications.
The following tables present the loan portfolio’s credit risk profile by loan origination year and class of receivable as of the dates indicated:
March 31, 2021
Loan Origination Year By Loan Grade or Nonaccrual Status
20212020201920182017PriorRevolvingRevolving Converted to Term (2)Total
(In thousands)
Commercial and industrial
Pass$22,837 $92,124 $71,592 $57,958 $12,334 $56,994 $301,010 $8,404 $623,253 
Special Mention— 321 4,919 952 — 2,588 3,764 251 12,795 
Accruing Classified (1)4,600 1,992 195 6,241 659 63 7,709 5,944 27,403 
Nonaccrual— — 375 346 16 903 884 2,242 4,766 
Total$27,437 $94,437 $77,081 $65,497 $13,009 $60,548 $313,367 $16,841 $668,217 
Paycheck Protection Program
Pass$113,041 $238,129 $— $— $— $— $— $— $351,170 
Total$113,041 $238,129 $— $— $— $— $— $— $351,170 
Commercial tax-exempt
Pass$— $89,135 $38,215 $40,285 $24,410 $290,684 $— $2,991 $485,720 
Special Mention— — — — — 2,787 — — 2,787 
Total$— $89,135 $38,215 $40,285 $24,410 $293,471 $— $2,991 $488,507 
Commercial real estate
Pass$65,639 $264,428 $444,717 $248,987 $301,316 $1,022,447 $90,477 $14,471 $2,452,482 
Special Mention— 18,253 15,913 2,317 17,744 79,382 — — 133,609 
Accruing Classified (1)— 5,586 49,581 23,964 12,787 13,809 — — 105,727 
Nonaccrual— — 5,212 — 598 — 49 — 5,859 
Total$65,639 $288,267 $515,423 $275,268 $332,445 $1,115,638 $90,526 $14,471 $2,697,677 
Construction and land
Pass$6,774 $57,925 $73,762 $21,550 $16,262 $2,228 $— $— $178,501 
Special Mention— — — 2,981 — — — — 2,981 
Total$6,774 $57,925 $73,762 $24,531 $16,262 $2,228 $— $— $181,482 
Residential
Pass$138,273 $599,553 $436,633 $338,505 $348,499 $753,601 $— $15 $2,615,079 
Accruing Classified (1)— — — — — 3,000 — — 3,000 
Nonaccrual— — 603 473 2,373 11,026 — — 14,475 
Total$138,273 $599,553 $437,236 $338,978 $350,872 $767,627 $— $15 $2,632,554 
Home equity
Pass$— $— $— $— $— $1,367 $59,919 $9,815 $71,101 
Nonaccrual— — — — — 256 139 256 651 
Total$— $— $— $— $— $1,623 $60,058 $10,071 $71,752 
Consumer and other
Pass$964 $653 $147 $19 $— $593 $122,277 $— $124,653 
Special Mention— — — — — — 300 — 300 
Nonaccrual— — — — — — 13 — 13 
Total$964 $653 $147 $19 $— $593 $122,590 $— $124,966 
Total
Pass$347,528 $1,341,947 $1,065,066 $707,304 $702,821 $2,127,914 $573,683 $35,696 $6,901,959 
Special Mention— 18,574 20,832 6,250 17,744 84,757 4,064 251 152,472 
Accruing Classified (1)4,600 7,578 49,776 30,205 13,446 16,872 7,709 5,944 136,130 
Nonaccrual— — 6,190 819 2,987 12,185 1,085 2,498 25,764 
Total$352,128 $1,368,099 $1,141,864 $744,578 $736,998 $2,241,728 $586,541 $44,389 $7,216,325 
______________________
(1) Accruing Classified may include both Substandard and Doubtful classifications.
(2) Amounts for revolving loans converted to term loans represent only those loans that have been converted to term loans after December 31, 2016. Due to data limitations, information prior to December 31, 2016 is unavailable.
December 31, 2020
Loan Origination Year By Loan Grade or Nonaccrual Status
20202019201820172016PriorRevolvingRevolving Converted to Term (2)Total
(In thousands)
Commercial and industrial
Pass$96,230 $80,949 $65,506 $13,378 $17,972 $43,592 $191,252 $10,801 $519,680 
Special Mention358 2,413 1,008 674 — 2,688 3,911 262 11,314 
Accruing Classified (1)1,184 223 6,247 — — 110 8,683 6,508 22,955 
Nonaccrual— 141 350 — 813 14 1,012 2,064 4,394 
Total$97,772 $83,726 $73,111 $14,052 $18,785 $46,404 $204,858 $19,635 $558,343 
Paycheck Protection Program
Pass$312,356 $— $— $— $— $— $— $— $312,356 
Total$312,356 $— $— $— $— $— $— $— $312,356 
Commercial tax-exempt
Pass$53,225 $20,586 $40,451 $24,624 $102,133 $190,798 $— $3,033 $434,850 
Special Mention— — — — — 2,806 — — 2,806 
Accruing Classified (1)— — — — — 4,503 — — 4,503 
Total$53,225 $20,586 $40,451 $24,624 $102,133 $198,107 $— $3,033 $442,159 
Commercial real estate
Pass$311,605 $462,144 $247,228 $308,437 $375,713 $657,563 $126,544 $16,190 $2,505,424 
Special Mention21,661 13,851 12,382 29,461 37,123 56,043 — — 170,521 
Accruing Classified (1)3,161 49,637 14,000 — — 9,371 — — 76,169 
Nonaccrual— 5,212 — — — — 49 — 5,261 
Total$336,427 $530,844 $273,610 $337,898 $412,836 $722,977 $126,593 $16,190 $2,757,375 
Construction and land
Pass$43,042 $63,914 $31,434 $16,288 $2,230 $— $— $— $156,908 
Special Mention— — 2,296 — — — — — 2,296 
Total$43,042 $63,914 $33,730 $16,288 $2,230 $— $— $— $159,204 
Residential
Pass$603,414 $471,237 $366,390 $388,845 $352,330 $478,468 $— $— $2,660,684 
Accruing Classified (1)— — — — — 3,000 — — 3,000 
Nonaccrual— 604 272 2,373 62 10,469 — — 13,780 
Total$603,414 $471,841 $366,662 $391,218 $352,392 $491,937 $— $— $2,677,464 
Home equity
Pass$— $— $252 $— $686 $553 $64,985 $10,217 $76,693 
Accruing Classified (1)— — — — — — — 256 256 
Nonaccrual— — — — — 276 139 — 415 
Total$— $— $252 $— $686 $829 $65,124 $10,473 $77,364 
Consumer and other
Pass$728 $158 $25 $— $81 $574 $118,177 $— $119,743 
Special Mention— — — — — — 300 — 300 
Nonaccrual— — — — — — 1 — 1 
Total$728 $158 $25 $— $81 $574 $118,478 $— $120,044 
Total
Pass$1,420,600 $1,098,988 $751,286 $751,572 $851,145 $1,371,548 $500,958 $40,241 $6,786,338 
Special Mention22,019 16,264 15,686 30,135 37,123 61,537 4,211 262 187,237 
Accruing Classified (1)4,345 49,860 20,247 — — 16,984 8,683 6,764 106,883 
Nonaccrual— 5,957 622 2,373 875 10,759 1,201 2,064 23,851 
Total$1,446,964 $1,171,069 $787,841 $784,080 $889,143 $1,460,828 $515,053 $49,331 $7,104,309 
______________________
(1) Accruing Classified may include both Substandard and Doubtful classifications.
(2) Amounts for revolving loans converted to term loans represent only those loans that have been converted to term loans after December 31, 2016. Due to data limitations, information prior to December 31, 2016 is unavailable.
Impaired financing receivables
The following tables present, by class of receivable, the balance of impaired loans with and without a related allowance, the associated allowance for those impaired loans with a related allowance, and the total unpaid principal on impaired loans:
As of and for the three months ended March 31, 2021
Recorded Investment (1)Unpaid Principal BalanceRelated AllowanceYTD Average Recorded InvestmentYTD Interest Income Recognized while Impaired
(In thousands)
With no related allowance recorded:
Commercial and industrial$3,806 $3,880 n/a$3,594 $— 
Paycheck Protection Program— — n/a— — 
Commercial tax-exempt— — n/a— — 
Commercial real estate— — n/a1,303 — 
Construction and land— — n/a— — 
Residential14,710 14,974 n/a14,564 90 
Home equity (2)355 355 n/a362 8 
Consumer and other— — n/a— — 
Subtotal$18,871 $19,209 n/a$19,823 $98 
With an allowance recorded:
Commercial and industrial $610 $629 $541 $789 $— 
Paycheck Protection Program— — — — — 
Commercial tax-exempt— — — — — 
Commercial real estate5,261 5,434 125 3,958 — 
Construction and land— — — — — 
Residential341 341 51 384 2 
Home equity256 256 17 256 — 
Consumer and other— — — — — 
Subtotal$6,468 $6,660 $734 $5,387 $2 
Total:
Commercial and industrial$4,416 $4,509 $541 $4,383 $— 
Paycheck Protection Program— — — — — 
Commercial tax-exempt— — — — — 
Commercial real estate5,261 5,434 125 5,261 — 
Construction and land— — — — — 
Residential15,051 15,315 51 14,948 92 
Home equity (2)611 611 17 618 8 
Consumer and other— — — — — 
Total$25,339 $25,869 $734 $25,210 $100 
_____________________
(1)Recorded investment represents the client loan balance net of historical charge-offs and historical nonaccrual interest paid, if applicable, which was applied to principal.
(2)Negative quarterly income is due to reversal of income recognized in prior quarter.
As of and for the three months ended March 31, 2020
Recorded Investment (1)Unpaid Principal BalanceRelated AllowanceYTD Average Recorded InvestmentYTD Interest Income Recognized while Impaired
(In thousands)
With no related allowance recorded:
Commercial and industrial$555 $632 n/a$667 $6 
Commercial tax-exempt— — n/a— — 
Commercial real estate6,119 6,151 n/a2,403 9 
Construction and land— — n/a— — 
Residential16,352 16,612 n/a15,587 117 
Home equity1,548 2,109 n/a1,550 3 
Consumer and other— — n/a— — 
Subtotal$24,574 $25,504 n/a$20,207 $135 
With an allowance recorded:
Commercial and industrial$273 $280 $175 $281 $— 
Commercial tax-exempt— — — — — 
Commercial real estate— — — — — 
Construction and land— — — — — 
Residential532 532 64 535 4 
Home equity270 270 20 271 2 
Consumer and other— — — — — 
Subtotal$1,075 $1,082 $259 $1,087 $6 
Total:
Commercial and industrial$828 $912 $175 $948 $6 
Commercial tax-exempt— — — — — 
Commercial real estate6,119 6,151 — 2,403 9 
Construction and land— — — — — 
Residential16,884 17,144 64 16,122 121 
Home equity1,818 2,379 20 1,821 5 
Consumer and other— — — — — 
Total$25,649 $26,586 $259 $21,294 $141 
_____________________
(1)Recorded investment represents the client loan balance net of historical charge-offs and historical nonaccrual interest paid, if applicable, which was applied to principal.
As of and for the year ended December 31, 2020
Recorded Investment (1)Unpaid Principal BalanceRelated AllowanceAverage Recorded InvestmentInterest Income Recognized while Impaired
(In thousands)
With no related allowance recorded:
Commercial and industrial$2,262 $2,307 n/a$2,512 $141 
Paycheck Protection Program— — n/a— — 
Commercial tax-exempt— — n/a302 20 
Commercial real estate5,212 5,384 n/a4,818 33 
Construction and land— — n/a— — 
Residential14,523 14,783 n/a15,509 534 
Home equity367 367 n/a922 16 
Consumer and other— — n/a— — 
Subtotal$22,364 $22,841 n/a$24,063 $744 
With an allowance recorded:
Commercial and industrial$2,053 $2,090 $279 $378 $1 
Paycheck Protection Program— — — — — 
Commercial tax-exempt— — — — — 
Commercial real estate50 50 50 23 — 
Construction and land— — — — — 
Residential419 419 54 498 13 
Home equity256 256 17 264 7 
Consumer and other— — — — — 
Subtotal$2,778 $2,815 $400 $1,163 $21 
Total:
Commercial and industrial$4,315 $4,397 $279 $2,890 $142 
Paycheck Protection Program— — — — — 
Commercial tax-exempt— — — 302 20 
Commercial real estate5,262 5,434 50 4,841 33 
Construction and land— — — — — 
Residential14,942 15,202 54 16,007 547 
Home equity623 623 17 1,186 23 
Consumer and other— — — — — 
Total$25,142 $25,656 $400 $25,226 $765 
_____________________
(1)Recorded investment represents the client loan balance net of historical charge-offs and historical nonaccrual interest paid, if applicable, which was applied to principal.
Troubled debt restructurings on financing receivables
The following tables present the balance of TDRs that were restructured or defaulted during the periods indicated:
As of and for the three months ended March 31, 2021
Restructured Year to DateTDRs that defaulted in the Year to Date that were restructured
in prior twelve months
# of
Loans		Pre-
modification
recorded
investment		Post-
modification
recorded
investment		# of
Loans		Post-
modification
recorded
investment
(In thousands, except number of loans)
Residential and home equity (1)1 $220 $220 — $— 
Total1 $220 $220 — $— 
_____________________
(1)Represents the following type of concession: extension of maturity
                    
As of and for the three months ended March 31, 2020
Restructured Year to DateTDRs that defaulted in the Year to Date that were restructured
in prior twelve months
# of
Loans		Pre-
modification
recorded
investment		Post-
modification
recorded
investment		# of
Loans		Post-
modification
recorded
investment
(In thousands, except number of loans)
Commercial and industrial (1)1 $50 $50 — $— 
Residential and home equity (2)1 2,373 2,373 — — 
Total2 $2,423 $2,423 — $— 
_____________________
(1)Represents the following type of concession: extension of maturity and reduction in interest rate.
(2)Represents the following type of concession: payment deferral.
Loan participation amounts by loan type The following table presents a summary of the loan participations serviced for others and loans serviced for others based on class of receivable as of the dates indicated:
 March 31, 2021December 31, 2020
 (In thousands)
Commercial and industrial$110,284 $110,589 
Commercial tax-exempt22,845 17,604 
Commercial real estate136,019 130,551 
Construction and land102,422 93,874 
Total loan participations serviced for others $371,570 $352,618 
Residential$146,080 $168,110 
Total loans serviced for others$146,080 $168,110